The
Bank of Japan held its asset-buying and other policy elements unchanged
Tuesday, while using slightly more upbeat language on the economy.
While the lack of fresh easing moves was widely expected, the policy
announcement sent the yen rising and pushed stock futures lower as the
equity market was on lunch break when the announcement came. The central
bank said Japan's economy has been picking up and exports have started
picking up, after saying at its last meeting on May 22 that the economy
has started picking up and exports have stopped decreasing. It also said
some indicators suggest a rise in inflation expectations.
Source by Commodity Insights
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